The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1887-11-30
UPHEAVAL OF ASPIRATIONS
THE SAGE OF CHICKAsAW REMARKS ON
THE SITUATION.
Ike Seems to Thiak Factories are 10
be Euilt by TaXatiOn-.-fac OFFERS
Some wise Suggestions On tEr
nuaSt3a., Of 2t,yNrrSs.


| Editor Press and Butlnrr:'
| Great boom OF ideas is prevailing through
| out the county as To factory enterprises: i.t
cry town or hamlet seems 10 hc COMPLETING W
giving birth to factory or riilltntd PrfgcctS.
There seems 10 he Il wonderful propensity
| in human nature emerging simultaneously l"
rive velocity 10 the wheels OF the "c:tr oil pro-
:reSs" Abbevilc village, Greenwood ana
| Due West are conSpicuouSly observed i'll max
| ing efforts to establish a factory In lneir re-
spcctirc limits. understand also Il site mas
| been purchased on the Saludl River 1or tna'
| purpose. / hear it inilmaied that II" thIiH-
| ing town (Honea PATH in an adjaccnt county,
| is mcditatiEg seriously on similar question
Perhaps others are in embryo in our midst.
All OF which, are within 4 radius, less than
twenty miles. / presume the axiom more
the merrier" would be relevant.
If means were available the county would
soon become overStOcked with factories. Far
mers will have to increase the area IN Golton ,l
culture when they get in running order, 10
keep them agoing. ! think, one or TWO OF
Vanderbilt, Rothschild or Jay Goulds pecu-
mary resources would be rcqui red to equip
the contemplated institutions in first class
StNle. OF course no other kind would likely
prove to be remunerative TO stockholders or
beneficial to the community. AstoniShinGiy,
what n sensation has been produced by the
sli,.ht perceptible Improvement of this years
crop. 1t seems ambition has been In latent
condition, ppnt up, and hailed the opportu-
uIty Of making big display
The spirit that has gave rise TO such upheaV-
nj of aspiration is prasewoithy. The excite
ment Is too sudden and great to be durable
I'll venture 10 assert an overpluS OF tilc pro-
cecds Of agricultural products OF this year
nave not been realized by the farmers To Ii
Juidate "u!d Scorcs' by One-half that have
been accommodating for the last four or five
years and living chance to remain Tor an
Ot her wear. l have no desire to present any
obstacle TO the public that conceive will op.
crate against carrying out such schemes.
wish ali towns full measure OF success. But
this one fact, (dearth of surplus cash) Is so
ri nhVin1S need
essy be overlooked. Such public calamity
could not be averted. A few good crop years
are the only means to remedy the existing
evil. am not opposing factories solely on
the ground of merit. | admit some public
good will accrue from them.
l claim, providentially. to q great extent,
the farmers as generality are III a stralten
condition and can't take stock and cancel old
debts and "ante up to Justify the undertak-
ing. Farmers are few and far between that
can Invest largely and show clean record OF
Indebtedness. II takes thousands upon thou
sands to build first class factories. Capital.
lists are the ones t. build them and farmers To
patroniZe them. II they are encouraged 10 DO
SO. Experience has taught me that better
price for cotton at factory Is no incentive.
Cotton buyers for the North or England Will
equally give rs much or more aud pay the
freight commissions, and insurance charges
besides l have heard of cotton resident
factor stationed under the sound Of spindle>
buying for Northern factories and at times
giving better price than the factory buyer.
admit when cotton is delivered at the door
of factory there is more margin for better
price, but selfinicrcSt prompts to get 1t cheap
Is possible and IL governs itself like all col
ton buyers according TO the Liverpool mar
ket | have heard the ileu advanced, the
took In Il factory is Il paying investment.
Perhaps, il viii! pay handsomely after de-
cude Of years or perhaps little earlier. |
imagine under the most prosperous condition
If n new factory, you cannot expect much
short of ten years, q declared dividend.
Tie law allows much better investment
for your surplus cash in lcgaliZing ten per
cent. Interest Loan $ ,C,p ana IN ten years u
will make Il coo. think that ten per cent is
one of the greatest existing barriers that Oh
Structs the money investment In pubic en-
terpriseS. 1t appears to me, the farmers
movement or more appropriately, alliance,
that are to convene at Columbia on lst De-
ccmbcr instant, could not aim mt greater
blessing to the mass OF The people OF the
state, than to memOrializc the legislative
body In session to remove the le&ality of ten
per cent. and frame Il law in such way as To
exclude every possible chance for Il money
tender to exact any more than the old legal
seven per cent. That, is guam Su1ich.
My sentiments as to public enterprises may
be summed up in nutshell. AS follows, pay
just and honest debts, before any other con.
Sidcration; get even with the world and IT,
surplus cash should abound sufficiently to
make one feel independent OF the ruinous
time prices then, let him utilize IT for rail
road or factory purposes, provided the ten
per cent. Is null and void, unless, he chooses
10 make a personal sacrifice for the public
benefit. The factory advocates in and around
Due West seem 10 be very sanSuine of achiev-
ing success. The president has been elected
aud site selected. Their movements indicate
that cotton factory will soon be in operation
n our midst without doubt. They seem to
he acting as though Il special donation has
been made sufficiently for the purpose and
they knew exactly where 10 put their hands
on 1t. Success to the enterprise.
would suggest the most feasible and posi-.
BILE plan would be for all factory parties OF the
county TO combine their available means at
central point neara railroad and build Il fac
tory that will reflect honor upon the county
and one, that she can boast Of with pride.
Let S25O,OO0 be the minimum amount Of capi..
tai 10 commence with. My humble opinion
is, Mr.. Editor, the public welfare results from
individual prosperity. If the farmers will
make every effort to live at home, and guard
against, as much as possible, incurring debts
on "time prices" and not buy land with the
expectation of paying for 1t with borrowed
money at ten per cent and not try to live out
side OF their income and not try TO keep pace
with tickle fashion, goddess that rules the
world in measure) unless they are able to
"foot the bill" and not TO indulge in luxurieS
and non-essentialS of life until they acquire
a competency to enable them to enjoy them
with q good conscience, I'll venture to assert
hard times will be numbered with the past
and public prospects will abound more plen-
tiruliy as consequence. o. Z. II.